Datavault AI to buy CyberCatch for USD 94.5 million in cash
DVLT•Deal terms and closing plans
CyberCatch options will be cashed out if in-the-money; warrants will be cancelled with no payout.
Datavault AI will provide a USD 500,000 bridge loan at 5% interest to fund pre-close costs.
Closing is expected shortly after a special meeting; CyberCatch is set to operate as a Datavault AI subsidiary in San Diego.
Datavault AI agrees to all-cash acquisition
Datavault AI agreed to buy CyberCatch in an all-cash deal valued at USD 94.5 million.
Consideration equates to about USD 3.22 per share on a fully diluted basis, net of expenses and liabilities.
